Nor have risks gone down

A significant number of condo projects built in Miami in the early 2000's ended in litigation due to building failures such as new product failures, humidity and mold problems, air conditioning failures, and even falling stucco off the building. Despite being a lengthy, costly, and hostile learning method, litigation is unfortunately construction's only true form of feedback.

Building complexity and costs have not decreased since 2005, nor have risks gone down. Designers and sub-contractors have not become more insightful and proactive about the underlying causes of failures, either. In fact, today's buildings are larger, bolder, more complex, costlier, and more susceptible than ever to failure.

Projects are at greater risk in this fast-paced market, with developers using out-of-region architects and builders who lack knowledge about unique construction challenges and risks of mold and moisture problems that warm, humid climates pose.

Liberty's experts believe that only by embracing the mistakes of the past and properly managing risk can we build better structures in the future. As Italian philosopher George Santayana once said, "Progress, far from consisting in change, depends on retentiveness. When change is absolute…no direction is set for possible improvement: and when experience is not retained… infancy is perpetual. Those who cannot remember the past are condemned to repeat it."